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The Authority and Liability of the Bankruptcy Trustee Based on the Second Hungarian Bankruptcy Act of 1881

Publication date: 12.2024

Cracow Studies of Constitutional and Legal History, Early Access, Volume 17, Issue 3,

https://doi.org/10.4467/20844131KS.24.024.21008

Authors

Máté Pétervári
University of Szeged
, Hungary
https://orcid.org/0000-0002-7221-9111 Orcid
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Titles

The Authority and Liability of the Bankruptcy Trustee Based on the Second Hungarian Bankruptcy Act of 1881

Abstract

After the Austro-Hungarian Compromise, the Hungarian economy developed quickly, and the Hungarian political elite sought ways to help it grow with a new, up-to-date regulation. To that end, the National Assembly adopted a new commercial code in 1875, a new promissory note act in 1876 and a new bankruptcy act in 1881. In this paper, I examine the liability of bankruptcy trustees on the basis of leading cases of the Hungarian Supreme Court whose decisions determined the Hungarian legal practice. It is an interesting part of Act XVII of 1881 because it has a close connection to the general private law. Since bankruptcy trustees were responsible for determining the amount of bankruptcy assets, the issue of creditor control of the trustees activity was important. In addition, the provision of the Hungarian bankruptcy act concerning the bankruptcy trustees liability was the same as the German Bankruptcy Act of 1877, thus creating a good opportunity to compare the German and Hungarian viewpoints in this question.

Information

Information: Cracow Studies of Constitutional and Legal History, Early Access, Volume 17, Issue 3,

Article type: Original article

Authors

https://orcid.org/0000-0002-7221-9111

Máté Pétervári
University of Szeged
, Hungary
https://orcid.org/0000-0002-7221-9111 Orcid
All publications →

University of Szeged
Hungary

Published at: 12.2024

Article status: Open

Licence: CC BY  licence icon

Article financing:

Supported by the ÚNKP-21-4 – SZTE - 28 New National Excellence Program of the Ministry for Innovation and Technology from the source of the National Research, Development and Innovation Fund.

Percentage share of authors:

Máté Pétervári (Author) - 100%

Article corrections:

-

Publication languages:

English